[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.08.03 11:20
• [Main Works of Anhui Huoshan Pumped Storage Project Awarded to Two Central SOEs]
• The two core sections of Anhui Huoshan Pumped Storage Power Station with a total investment of 7.556 billion yuan have been finalized, and Sinohydro 5 has won the bid for reservoir related projects, totaling over 1.4 billion yuan. The project is about to enter the main construction phase, which will assist in the construction of Anhui's new power system and local development. Editor/Min Jing

• 2026.08.03 11:19
• [Inwi and Huawei Launch 8T8R Commercial Deployment on Morocco High-Speed Rail]
• Moroccan operator inwi collaborates with Huawei to complete the commercial deployment of dual band 8T8R along the high-speed rail line, leveraging HyperBeamforming technology to expand signal coverage and significantly enhance the downstream network experience. The plan does not require the addition of new base stations, optimizes the quality of high-speed rail mobile communication, and helps with local digital construction. Editor/Min Jing